WHY SHOULD THE U.N. PAY $1 1/2 MILLION TO UPDATE ELEVATORS IN RENTED PREMISES?

15 APRIL 2008

Who makes these deals? A few months earlier, an arrangement was made to RENT the Albano building on 46th Street between
1st and 2nd Avenue and PAY FOR ITS RENOVATION. Following that approach, the U.N. may end up buying the building after
paying years of rental.

Now we understand that the upgrading and computerization of elevators in DC-1 and DC-2 buildings across 1st Avenue is
also being done at U.N. expense. These buildings are rented. The landlord normally would pay for such upgrading. The
expense involved is approximately $1 1/2 million. The U.N. ended up paying for it. Why? Would anyone explain?